Riga and AD Ports MoU marks new phase of cooperation
(Posted on 11/05/26)
A Memorandum of Understanding has been signed in Riga between Abu Dhabi-based, publicly traded global port and logistics company AD Ports Group and the Freeport of Riga Authority, marking a new phase of cooperation in the areas of port development, logistics, industrial projects, and digital solutions. “AD Ports Group” is one of the fastest-growing infrastructure operators in the Middle East with a strong international presence.
The port of Riga is the largest port in Latvia and the second largest port in the Baltic States. The main types of cargo handled in the port of Riga are timber, agribulk, containers, oil products, metals, fertilizers and coal.
Minister of Economics Viktors Valainis: “I am delighted that my visit to the United Arab Emirates this fall and my meeting with the management of AD Ports Group are already delivering the first tangible results. At that time, we discussed in detail the development potential of the Port of Riga, investment opportunities, and Latvia’s role in the region’s logistics chains. The Memorandum signed today confirms that these discussions have evolved into a concrete framework for cooperation.”
The signing of the Memorandum of Understanding was attended by Viktors Valainis, Minister of Economics of the Republic of Latvia; Abdulaziz Zayed Al Shamsi, Regional CEO at “AD Ports Group”; representatives of the Freeport of Riga Authority, the Investment and Development Agency of Latvia (LIAA), port companies, as well as management teams from both sides and the Embassy of the United Arab Emirates.
AD Ports Group is one of the leading port and logistics companies in the Middle East, having expanded rapidly on an international scale in recent years to become an integrated infrastructure operator. The company is listed on the Abu Dhabi Securities Exchange, it operates in more than 50 countries, and manages ports, industrial zones, logistics networks, and digital solutions within a unified system.
According to AD Ports Group’s 2025 financial results, the company’s revenue has reached 4.8 billion euros annually, while total assets amount to approximately 16 billion euros, affirming its significant investment capacity and pivotal role in global supply chains.
Abdulaziz Zayed Al Shamsi, Regional CEO at AD Ports Group: “The Memorandum of Understanding signed with the Freeport of Riga Authority marks a significant step in exploring opportunities in the Baltic region, which is a strategically important gateway to Northern Europe. Latvia’s strong position in the maritime sector, its ambitious industrial development plans, and its increasingly close economic cooperation with the United Arab Emirates provide a solid foundation for a long-term partnership. Within the framework of this cooperation, we will assess how “AD Ports Group’s” integrated expertise and experience can help develop an efficient trade and logistics infrastructure that meets future requirements, creating sustainable added value for both parties.”
During their visit to Latvia, company representatives gained an insight into the Port of Riga’s development projects, the potential of the port area, as well as learned about the opportunities for long-term cooperation in the development of industrial and logistics projects.
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